Analysis of the Effect of BOPO and FDR on Profitability in Islamic Banking: A Case Study of Bank BJB Syariah (2015–2024)
DOI:
https://doi.org/10.33197/jabe.vol12.iss2.2026.3317Keywords:
BOPO, FDR, ROAAbstract
Amid the rapid growth of the Islamic banking sector in Indonesia, maintaining optimal profitability has become an ongoing challenge, placing significant pressure on institutions such as PT Bank BJB Syariah. This study aims to examine and analyze the effects of operational efficiency, represented by the operating expenses to operating income ratio (BOPO), and liquidity risk, measured by the financing to deposit ratio (FDR), on bank profitability, proxied by return on assets (ROA), over the period 2015–2024. This research employs a quantitative approach using panel data derived from 40 quarterly financial reports. The data were analyzed using panel data regression, with the Fixed Effects Model (FEM) selected as the most appropriate estimation model. The partial test results indicate that BOPO has a significant and negative effect on ROA, suggesting that operational cost inefficiency constitutes a major constraint on profitability. In contrast, FDR is found to have no significant effect on ROA. However, the simultaneous test confirms that BOPO and FDR jointly exert a significant influence on ROA. This study concludes that strict control over operational efficiency is the most critical determinant for sustainably enhancing the financial performance of PT Bank BJB Syariah.
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